Before Exchange, which issue is specifically checked by the buyer's solicitor?

Before Exchange, which issue is specifically checked by the buyer's solicitor?

• A. Has consent from non-owning occupiers of the property?
• B. Is date for completion agreed?
• C. Are financial arrangements sufficient?
• D. Has the mortgage deed been prepared?

Answer: (B)

The key thing being checked before exchange is that a completion date has been agreed. This fixes when the purchase money will be paid and when ownership passes, providing certainty for both sides. Without a set date in the contract, there could be delays or disputes about timing. Other issues may be addressed at different stages, but they are not the specific pre-exchange item described in the scenario.

The key thing being checked before exchange is that a completion date has been agreed. This fixes when the purchase money will be paid and when ownership passes, providing certainty for both sides. Without a set date in the contract, there could be delays or disputes about timing.

Other issues may be addressed at different stages, but they are not the specific pre-exchange item described in the scenario.